I believe this trend line provides good resistance on the 4 hour and hourly chart. I am short on this pair at these levels. Not sure how long the US dollar will remain bullish so am setting a tight stop loss. Feel free to take profit anytime.
Finding Strength in the USD. Risky trade for holding over the weekend. Small lots only. Will check mid-next week to see this play out.
Again Strength in the USD lead me to take this trade. Risky for the weekend so small lots only. Will check next week.
This is based on a 15 minute break of this trend line. I expect more ranging but will be interesting to see how this plays out. I am placing a very small lot on this trade. However i believe that EURUSD is still bearish long term and that bulls are exhausted on this pullback. London should show the way. Good luck!
Higher High and Higher Low formed. Beginning of week market movement up. Dollar weakness
Thinking that USD is ready for a pullback North in the next few days. This pattern might match up well. Looking to Short around the 0.7655 area,